Giverny Capital Inc. Buys 100,345 Shares of TWFG, Inc. $TWFG

Giverny Capital Inc. boosted its stake in TWFG, Inc. (NASDAQ:TWFG) by 18.2% during the second quarter, HoldingsChannel reports. The firm owned 652,452 shares of the company’s stock after buying an additional 100,345 shares during the period. Giverny Capital Inc.’s holdings in TWFG were worth $15,691,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp increased its holdings in shares of TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares during the last quarter. Quadrant Capital Group LLC bought a new stake in shares of TWFG during the 4th quarter worth $68,000. Quantbot Technologies LP lifted its holdings in shares of TWFG by 52.5% during the 2nd quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock worth $142,000 after acquiring an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury purchased a new position in TWFG in the second quarter worth $155,000. Finally, Russell Investments Group Ltd. purchased a new position in TWFG in the third quarter worth $142,000.

TWFG Stock Performance

Shares of NASDAQ:TWFG opened at $28.89 on Monday. The stock has a market capitalization of $1.56 billion, a P/E ratio of 48.97 and a beta of 0.18. The stock’s 50-day moving average price is $27.27 and its 200-day moving average price is $22.13. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $31.30.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.12. TWFG had a return on equity of 19.49% and a net margin of 2.90%.The company had revenue of $87.51 million during the quarter, compared to analysts’ expectations of $77.34 million. As a group, research analysts predict that TWFG, Inc. will post 1.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TWFG. Royal Bank Of Canada raised their price target on TWFG from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Wall Street Zen upgraded TWFG from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Morgan Stanley raised TWFG from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $26.00 to $30.00 in a report on Wednesday, August 19th. Keefe, Bruyette & Woods boosted their target price on TWFG from $26.00 to $29.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 12th. Finally, Piper Sandler upped their target price on TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.57.

TWFG Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.